A. Pie charts - in a pie chart, each category corresponds to a wedge of a circle. The size of each wedge is proportional to the relative frequency of the category it represents.
E. Bar graphs - in a bar graph, the categories are clearly indicated along the horizontal axis. Over each category is a rectangle whose height indicates the frequency or relative frequency of the category. Numbers along the vertical axis clearly indicate the scale.
Answer:
Explanation:
A. Pie charts - in a pie chart, each category corresponds to a wedge of a circle. The size of each wedge is proportional to the relative frequency of the category it represents.
E. Bar graphs - in a bar graph, the categories are clearly indicated along the horizontal axis. Over each category is a rectangle whose height indicates the frequency or relative frequency of the category. Numbers along the vertical axis clearly indicate the scale.
Betty has finally returned to her job as an accountant at Blue Chip Enterprises, a small family run hardware supplies chain, after a five-year extended maternity break. She has returned at an important time in the fiscal year: tax season. As she reviews the books for the period she was, she notices little anomalies, which suggest that Blue Chip has been reporting much less income than they have actually made in the last two years. gone, Troubled by this, Betty approaches the company owner, Mr.Asamoah, who comes clean and explains that he has been altering the books because of a personal financial slump that he fell into because of a gambling problem. Mr.Asamoah promises that from now on, now that Betty is back, he will no longer attempt to reduce his tax liability because he and the company are in a better place now. However, he also makes clear to Betty that he can not afford to pay the back taxes and their penalties. If Betty reports the fraud to the tax authorities, the company may close. If it comes out that she did not report it, she will lose her license. Questions a) What are the main ethical issue(s) in this scenario? b) Set out the possible courses of action open to Betty c) Assess these alternatives using ethical theories familiar to you d) What should she do, and why?
Answer:
Answers added to the explanation
Explanation:
a) The main ethical issues in this scenario are:
Honesty: Blue Chip Enterprises has been intentionally falsifying its financial records to avoid paying taxes, which is not only illegal but also unethical.
Loyalty: Betty may feel a sense of loyalty towards Mr. Asamoah and the company, as they have given her a job and she may want to protect them from harm.
Responsibility: As an accountant, Betty has a professional responsibility to ensure that the financial records are accurate and truthful.
Justice: By not paying the correct taxes, Blue Chip Enterprises is not contributing its fair share to society, which is unjust.
b) The possible courses of action open to Betty are:
Report the fraud to the tax authorities, which would result in the company being investigated and potentially closed down.
Confront Mr. Asamoah and try to persuade him to pay the back taxes and penalties without involving the authorities.
Ignore the situation and continue with her job, knowing that the financial records are inaccurate and that she may be at risk of losing her license if the fraud is discovered.
c) The possible courses of action can be assessed using various ethical theories:
Utilitarianism: This theory would suggest that Betty should report the fraud to the tax authorities, as it would result in the greatest good for the greatest number of people (i.e., society as a whole would benefit from Blue Chip Enterprises paying its fair share of taxes).
Virtue ethics: This theory would emphasize Betty's responsibility as an accountant to be honest and truthful in her work, and to act with integrity even when it is difficult or unpopular. It would also recognize the importance of loyalty, but not at the expense of honesty and integrity.
Deontological ethics: This theory would emphasize Betty's duty to report the fraud, as it is her professional obligation to ensure that the financial records are accurate and truthful. It would also recognize the importance of justice, as all individuals and companies have a duty to pay their fair share of taxes.
d) Based on these ethical theories, Betty should report the fraud to the tax authorities. While this may result in negative consequences for Blue Chip Enterprises and Mr. Asamoah, it is the right thing to do in order to ensure that the company pays its fair share of taxes and that Betty upholds her professional responsibilities as an accountant. While loyalty and personal relationships may be important, they should not override Betty's ethical obligations to society and her profession.
Now that you have determined the feasibility of the product or service idea, do the following: 1. Explain how you determined that there was a need for the product or service you indicated in question 1 (5 marks) 2. Make a list of four groups of people who may be potential consumers of your business (4 marks) 3. Write out a mission statement for your business (2 marks) 4. Write out a SMART objective for your business enterprise
What is the service recovery paradox? Under what conditions is this paradox most likely to hold? Why is it best to deliver the service as planned, even if the paradox does hold in a specific context?
Answer:The service recovery paradox (SRP) is a situation in which a customer thinks more highly of a company after the company has corrected a problem with their service, compared to how they would regard the company if non-faulty service had been provided.
The service recovery paradox (SRP) occurs when a customer's level of satisfaction after a service failure followed by successful service recovery is higher than if the initial service had been error-free to begin with (Figure 1), given a legitimate service failure in which the organization is at fault.
Explanation:
The main reason behind this thinking is that successful recovery of a faulty service increases the assurance and confidence from the customer.
According to Peter Drucker , Managing a business, requires balancing a variety of short and long term needs and ______of an enterprise
Answer:
in image
Explanation:
if it helped please mark me a brainliest
The inventory of Don’s grocery was destroyed by a tornado on October 6 of the current year
Answer:
it was because of a nuclear explosion
The Occupational Safety and Health Act is enforced by OSHA by inspecting places of work and through investigations.
Yes, that is correct. The Occupational Safety and Health Act (OSHA) is a federal law that is enforced by the Occupational Safety and Health Administration (OSHA), which is a division of the U.S. Department of Labor. OSHA's main responsibility is to ensure that employers provide a safe and healthy workplace for their employees.
To achieve this goal, OSHA conducts inspections of workplaces to identify potential hazards and violations of OSHA standards. OSHA inspectors may also investigate workplace accidents or complaints made by employees regarding unsafe working conditions.
If OSHA finds that an employer is not in compliance with OSHA standards, it can issue citations and penalties. OSHA may also require the employer to take corrective action to address the hazards or violations identified during the inspection or investigation.
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Kichi is considering investing 45 million USD to open 5 new restaurants in Vietnam. The Board of Director forecasts the net profit of EACH restaurant is 2 million USD for the 1 st year, 3.5 million USD for the second year, 1.5 million USD for the 3 rd year. The opportunity costs or the required rate of return of this project is 10% per year. Should the company accept this investment project? (Please round up to 0 decimal number)
Answer:
To determine whether the company should accept this investment project, we need to calculate the net present value (NPV) of the project and compare it to zero. The formula for NPV is:
NPV = (CF1 / (1 + r)^1) + (CF2 / (1 + r)^2) + (CF3 / (1 + r)^3) - Initial investment
where CF is the cash flow for each year, r is the required rate of return, and the initial investment is 45 million USD.
Plugging in the given values, we get:
NPV = (2 / (1 + 0.1)^1) + (3.5 / (1 + 0.1)^2) + (1.5 / (1 + 0.1)^3) - 45
NPV = 1.8182 million USD
Since the NPV is positive, the company should accept the investment project as it is expected to generate a return greater than the required rate of return. Therefore, the company should invest 45 million USD to open 5 new restaurants in Vietnam.
Explanation:
Hello, I need help with a problem please, and thank you.
MSBC Music Company sponsors rock concerts. The customer is considering a contract to hire a band at a cost of $80,000 per concert.
Required
a. What are the total cost and the cost per person if concert attendance is $12,000, $12,500 $13,000, $13,500, or $14,000?
b. Is the cost of hiring the band a fixed or variable cost?
Complete this question by entering your answers in the tabs below.
Required A
What are the total band cost and the cost per person if concert attendance is 12,000, 12,500, 13,000, 13,500, or 14,000? (Round “Cost per person” answers to 2 decimal places.)
Number Attending 12,000 12,500 13,000 13,500 14,000.
The total cost of concert
Cost per person
Required B
Is the cost of hiring the band a fixed or a variable cost?
Since the cost of hiring a band remains at regardless of the number attending, it is a fixed or variable cost.
Answer:
Required A:
To calculate the total band cost, we can simply multiply the cost of hiring the band ($80,000) by the number of people attending the concert:
12,000 attendees: $80,000
12,500 attendees: $80,000
13,000 attendees: $80,000
13,500 attendees: $80,000
14,000 attendees: $80,000
To calculate the cost per person, we can divide the total band cost by the number of people attending the concert:
12,000 attendees: $6.67 per person
12,500 attendees: $6.40 per person
13,000 attendees: $6.15 per person
13,500 attendees: $5.93 per person
14,000 attendees: $5.71 per person
Required B:
Since the cost of hiring the band remains the same regardless of the number of people attending the concert, it is a fixed cost.
Explanation:
59:46
A pharmacy technician needs to contact the insurance company for a new patient. Which essential information should
the technician get from the patient? Select all that apply.
provider and contact information
the beneficiary
the group or plan number
the patient's social security number
information on copays or deductibles
described illness of the patient
The essential information that the technician should get from the patient includes :
provider and contact informationthe beneficiarythe group or plan numberthe patient's social security numberinformation on copays or deductiblesWhat information is needed to contact an insurance company ?When a pharmacy technician needs to contact an insurance company for a new patient, there are several pieces of essential information that they need to gather from the patient in order to verify their insurance coverage and obtain payment for prescriptions.
The pharmacy technician should only collect and share the minimum necessary information to ensure that the patient's insurance is verified and that payment can be obtained for the prescribed medications.
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1)Organizational structure is the arrangement and inter-relationship of the components parts and positions of organizations. Explain the elements to Consider When Designing Organization Structure (10mks)
2) In detail explain why managers should study the types of personality (10mks)
3) Explain the rational decision making process(10MKS)
If haiti had more political stability, it is most likely that it would also havemore effective us intervention. A constitutional government. A stronger economy. More independent territories.
Answer:
Explanation:
It is most likely that if Haiti had more political stability, it would also have a constitutional government. A constitutional government is a form of government in which a constitution or a set of fundamental principles guides the political process and limits the powers of the government. With political stability and a constitutional government, there would be a greater chance of the government being able to effectively intervene in issues that affect the country, including economic issues and territorial disputes.
Answer:a stronger economy
Explanation:
appropriate personal
Answer:
right or suitable; fitting
Explanation:
apple technology distractive technology
It is often said that Apple technology is distractive technology because people end up sending too much time on their devices.
Why is apple technology called distractive ?Apple technology can certainly be used in a distracting way, such as spending too much time on social media or playing games instead of focusing on work or other responsibilities. However, it can also be used in a productive and beneficial way, such as using productivity apps to organize tasks and schedules, or using educational apps to learn new skills and information.
Overall, Apple technology is not inherently distracting, but it can certainly be used in a distracting way if not used mindfully. It is up to the individual user to decide how they use their device and whether or not it is a distraction in their life.
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5 Things that are expected of u in an interview
Five Things that are expected of you in an interview are:
ProfessionalismPreparationEnthusiasmRelevant skills and experienceQuestionsWhat is an interview ?An interview is a formal meeting between two or more people, where one person (the interviewer) asks questions of another person or group of people (the interviewee) to gather information, assess qualifications, or evaluate suitability for a job, program, or opportunity. Interviews can be conducted in person, over the phone, or via video conferencing.
Interviews are commonly used in the context of employment to determine a candidate's fit for a job and to assess their qualifications, experience, and personal characteristics. In other contexts, interviews may be used to gather information for research, journalism, or other purposes.
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Billy Brown Services Co. Balance Sheet For the Year Ended December 31, 2007 Assets Liabilities Current assets: Current liabilities: Cash $ 6,170 Accounts receivable $ 9,000 Accounts payable 8,500 Accum. depr-building 13,525 Supplies 1,590 Accum. depr-equipment 6,340 Prepaid insurance 345 Net income 12,500 Land 25,000 Total current assets $ 41,605 Total liabilities $ 41,365 Owner's Equity Property, plant, and equipment: Wages payable $ 500 Building $45,500 Billy Brown, capital 74,490 Equipment 28,250 Total owner's equity $ 74,990 Total property, plant, and equipment 73,750 Total liabilities and Total assets $116,355 owner's equity $116,355 (a) List the errors in the balance sheet above. (b) Prepare a corrected balance sheet.
A balance sheet is a financial statement that reports a company's assets, liabilities, and shareholder equity.
What is the meaning Balance sheet?A balance sheet is a summary of the financial positions of a person or an organization in financial accounting, regardless of whether they are a sole proprietorship, a business partnership, a corporation, a private limited company, or another type of organization like the government or a not-for-profit entity.
An organization's assets, liabilities, and shareholders' equity are listed on a balance sheet at one particular time. One of the key records that go into a business's financial reports is this one.
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Explain what is meant by the categories and frequencies.
Explanation:
In statistics, categories refer to the different groups or classes into which data can be sorted. Categories can be nominal or ordinal, depending on whether they have a natural order or not. Nominal categories are unordered and can be named, such as colors, types of animals, or gender. Ordinal categories, on the other hand, have a natural order or ranking, such as levels of education or income.
Frequencies, on the other hand, refer to the number of times that each category occurs in a given dataset. In other words, frequencies tell us how many times each category appears in the data. Frequencies can be expressed as absolute frequencies, which are the raw counts of how many times each category appears, or as relative frequencies, which are the proportions of each category out of the total number of observations.
For example, if we have a dataset of the favorite colors of a group of people, the categories would be the different colors (e.g., red, blue, green, etc.), and the frequencies would be the number of people who chose each color. If we had 50 people in the dataset, and 10 people chose red, 20 people chose blue, and 5 people chose green, then the absolute frequencies would be 10, 20, and 5, respectively. The relative frequencies would be 0.2 (or 20%), 0.4 (or 40%), and 0.1 (or 10%), respectively.
Current position and recommendations to improve, future strategies of ZARA
Answer:
get to know the zara well and they have to develop good strategies
Explanation:
so it can function well
Draw a pie chart which indicates the total amount of time spent doing each activity. Include all 8 sections even if you have zero hours spent in the activity. This can be done by hand, or you produce a computerized pie chart. You will want a visual representation of where you time is being spend.
Pie chart specifics:
1. Present on a 35 Xl chortet or paper, making pie chart as LARGE as possble
3. Present the activities in this order (starting from the 'top' and going clock-wise and colour the pie pieces in the specified colour:
• Sleep - black
• Personal maintenance - blue
• Travel- white
• Paid Work- red
• School- orange
Fitness - yellow
Recreation - purple
• Volunteer Work - green
HERE COMES THE TRICKY PART, Math is required!
4. First:
To find the percentage of time for each of the 8 categories, total the number of
hours spent over the 3 days on that activity.
E.g. Tuesday recorded 8 hrs sleep, Wednesday recorded 8 hrs sleep, Thursday
recorded 8 hrs sleep = 8hrs × 3 days =24 total hrs of sleep
Second:
• To calculate the percentage of your time being spent on each activity.
Formula: Take the total number of hours in the activity and divide it by total number of hours monitored and then multiply by 100
E.g. Spent total of 24hrs in sleep category, monitored over 72 hrs.
24 tlsleep hours divided by 72 total hours monitored = 0.33 × 100 = 33% in Sleep category.
Complete the same thing for the remaining 7 categories. When you add the total percentages for each category you should add to 100%.
You do not have to show your work, just put the percentage number on each pie slice and the category name.
Analysis of results: Review the percentages in each category and identify which areas you are spending the most time with and if you deem it as high, what is the rationale for that, for those areas you deem as low (e.g. fitness), why is it low, and are you okay with that.
Answer:
I don't have access to visual drawing tools to create a pie chart. However, I can provide instructions on how to create one based on the given information.
To create a pie chart based on the information provided, follow these steps:
Draw a large circle on a 35x35 chart or paper.
Divide the circle into 8 equal parts, starting from the top and going clockwise.
Label each part with the corresponding activity and color the pie pieces as follows:
Sleep: black
Personal maintenance: blue
Travel: white
Paid work: red
School: orange
Fitness: yellow
Recreation: purple
Volunteer work: green
Calculate the percentage of time spent on each activity as follows:
Add up the total number of hours spent on each activity over the three days.
Divide the total number of hours for each activity by the total number of monitored hours (72 hours).
Multiply the result by 100 to get the percentage.
Round the percentage to the nearest whole number.
Label each pie slice with the percentage and category name.
Analyze the results to determine which areas you are spending the most time on and whether you are comfortable with that distribution of time.
Remember, the sum of all percentages should add up to 100%.
Explanation:
Which of the following statements is true?
There is one Federal Reserve Bank for each state of the United States.
The leadership of the Federal Reserve System makes monetary policy decisions.
The president decides whether a bank must obey Federal Reserve policies.
The Federal Reserve must request approval from Congress before taking action.
This is the first question i ever asked so i put points to 100 i think
Answer:The leadership of the Federal Reserve System makes monetary policy decisions.
Explanation:
1. There is not one Federal Reserve Bank for each state of the United States. There are 12 Federal Reserve Banks located in different regions of the country.
2. The Federal Reserve System is led by the Board of Governors, which is responsible for making monetary policy decisions, along with the Federal Open Market Committee (FOMC).
3. The president of the United States does not decide whether a bank must obey Federal Reserve policies. Banks that are members of the Federal Reserve System are required to follow its regulations and policies.
4. The Federal Reserve is an independent entity and does not need to request approval from Congress before taking action. However, the Federal Reserve is accountable to Congress and regularly reports on its activities and decisions.
Answer:
B
Explanation:
Given the supply and demand functions P = 2Q 2 S + 10Qs + 10 P = −Q 2 D − 5QD + 52 calculate the equilibrium price and quantity?
Answer:
Equilibrium price and quantity can be found by setting the supply equal to demand: 2Qs^2 + 10Qs + 10 = -Qd^2 - 5Qd + 52. Solving for Q gives Q = 4, and substituting back into either the supply or demand function gives P = 42. Therefore, the equilibrium price is 42 and the equilibrium quantity is 4.
Explanation:
Trump Machinery is analyzing a proposed project that is expected to sale 2,450 units, with an error range of ±8%. The expected variable cost per unit is $246, and the expected fixed costs are $309,000. Both cost estimates are considered accurate within a ±3% error range. The depreciation expense is $106,000. The sales price is estimated to be $599 per unit within a ±2% error range. What is the amount of the total cost per unit under the worst-case scenario?
(A) $448.58 (B) $404.16 (C) $394.58 (D) $366.67
Option (c), In the worst-case scenario, the total cost per unit would be $394.58.
What are the greatest and worst possible outcomes?The worst-case scenario assesses the effects of elements that reduce returns, such as a downturn in the economy, higher interest rates, a disruption of the global economy, and dismal sales. The best-case scenario takes into account what will occur if the business operates as expected.
What does worst-case statistical analysis entail?Worst-case analysis aims to answer the same issues as statistical analysis does, but instead of adjusting parameters at random, you choose the worst conceivable values for these parameters and then carry out your analysis to check if the system would work as intended under those circumstances.
Three possibilities are often taken into account in scenario analysis:
(1) The simplest example, in which all the variables are as predicted
(2) The ideal situation, in which each variable takes on its optimistic value
(3) The worst-case scenario, in which each variable takes on its pessimistic value
The sales revenue under the worst-case (or pessimistic) scenario must be determined.
Sales units will be (2,450 - 8%) = 2,254
Sales price will be ($599 - 2%) = $587.02
Sales revenue = 2,254 * $587.02 = $1,323,143.08
Total costs per unit; worst case =
[($2,450 x 0.92) ($246 x 1.03) + ( $309,000 x 1.03)]/(2,450 x 0.92) = $394.58
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To enhance sustainability, a company may have to forgo an immediate increase in profit.
True
False
Answer: TRUE
Explanation:
Case Study Questions:
1. What are the products /services being marketed by the organization/company?
2. How did the customers get access the products/services of the organization/company?
3. How the business organization/company identifies its special customers and their preferences?
4. How did the organization/company set price/ pricing strategy?
5. How the organization/company distributes its products/services to its customers?
6. How the organization/company promotes its products/services?
7. What are the strengths and weaknesses of marketing management of the organization/company?
8. What are the opportunities and treats of the organization/company?
9. What are the steps taken by organization to manage the weaknesses and treats?
10. How the organization/company checks whether its customers are satisfied or not?
The products that would be marketed are the ones that the company has developed to be used to solve the specific needs in the environment
What are the products /services being marketed by the organization/company?1. The products/services being marketed by the organization/company will depend on the specific organization or company in question. It could be anything from tangible goods like clothing, electronics, or food to intangible services like financial advice, healthcare, or software.
2. Customers can access the products/services of the organization/company through a variety of channels, such as brick-and-mortar stores, online shops, mobile apps, or third-party retailers.
3 The business organization/company identifies its special customers and their preferences through market research, data analysis, customer surveys, and other feedback mechanisms. They may also use customer segmentation strategies to group customers based on their demographics, psychographics, behaviors, or other criteria.
4. The organization/company sets its price/pricing strategy based on various factors like production costs, competition, market demand, perceived value, and target customer preferences. They may use different pricing models like cost-plus pricing, value-based pricing, skimming pricing, penetration pricing, or dynamic pricing.
5. The organization/company distributes its products/services to its customers through various channels like direct sales, indirect sales, wholesalers, retailers, e-commerce platforms, or affiliate programs. The distribution strategy will depend on the organization's target market, product/service characteristics, logistics capabilities, and customer preferences.
6. The organization/company promotes its products/services through various marketing channels like advertising, public relations, sales promotions, personal selling, content marketing, social media, or influencer marketing. The promotion strategy will depend on the organization's communication objectives, budget, target audience, and competitive environment.
7. The strengths and weaknesses of marketing management of the organization/company will depend on various factors like the organization's resources, expertise, market position, customer base, and external factors like industry trends, economic conditions, or regulatory changes. Some common strengths of effective marketing management could be brand awareness, customer loyalty, competitive differentiation, or revenue growth, while common weaknesses could be poor market research, ineffective communication, pricing inefficiencies, or product/service quality issues.
8. The opportunities and threats of the organization/company will also depend on various factors like the industry dynamics, competitive landscape, customer trends, technological advances, or socio-economic factors. Some common opportunities could be new market segments, emerging technologies, strategic partnerships, or customer needs, while common threats could be new competitors, disruptive innovations, economic downturns, or regulatory changes.
9. The steps taken by the organization to manage weaknesses and threats will depend on the specific situation and context. Some possible strategies could be investing in market research and data analysis, improving communication and branding, optimizing pricing and distribution, enhancing product/service quality, or innovating new products/services. To manage external threats, the organization may need to adjust its business model, diversify its offerings, expand into new markets, or collaborate with other stakeholders.
10. The organization/company checks whether its customers are satisfied or not through various feedback mechanisms like customer surveys, focus groups, online reviews, social media mentions, or customer support interactions. They may also use performance metrics like Net Promoter Score (NPS), customer retention rate, or customer lifetime value (CLV) to evaluate customer satisfaction and loyalty. The feedback and metrics will help the organization to identify areas for improvement and enhance its marketing strategy to better serve its customers.
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Mr. Arian opened Arian’s Carpet Cleaners on March 1, 2021. During March, the
following transactions were completed.
Mar. 1: Invested Br. 35,000 cash in a share of a business.
Mar. 1: Purchased used Truck (equipment) for Br. 6,000, paying Br. 2,000 cash
and the remaining balance on account.
Mar. 3: Purchased cleaning supplies for Br. 1,500 on account.
Mar. 5: Paid Br. 1,200 cash on one-year insurance policy effective March
Mar. 14: Billed customers Br. 4,800 for cleaning services.
Mar. 18: Paid Br. 1.500 cash on amount owed on Truck and Br. 500 on amount
owed on cleaning supplies.
Mar. 20: Paid Br. 7,000 cash for employee salaries.
Mar. 21: Collected Br. 3,800 cash from customers billed on
Mar. 28: Billed customers Br. 2,500 for cleaning services.
Mar. 31: Paid advertising expenses of Br. 2000.
Mar. 31: paid a dividend of Br. 3000.
Requirements:
1) Journalize the March transactions.
2) Prepare necessary Ledger Accounts.
3) Prepare a Trial Balance at March 31
4) Journalize the following adjustments and prepare an adjusted Trial
Balance:
i. Earned but unbilled revenue at March 31 was Br. 1000.
ii. Depreciation on equipment for the month was Br. 200.
iii. One-twelfth of the insurance expired.
iv. An inventory count shows Br. 400 of cleaning supplies on hand
v. Accrued but unpaid employee salaries were Br. 700.
5) Prepare the worksheet
6) Prepare an income statement, a statement of owner’s equity, and a
statement of financial position.
7) Maintain the necessary closing entry
The Journal entries for March transaction and other accounts can be found below:
What constitutes the various accounts?1. Journal Entries:
Mar. 1: Cash 2,000
Accounts Payable 4,000
Share Capital 35,000
Purchased a used truck and invested cash in business
Mar. 3: Cleaning Supplies 1,500
Accounts Payable 1,500
Purchased cleaning supplies on account
Mar. 5: Prepaid Insurance 1,200
Cash 1,200
Paid cash for one-year insurance policy
Mar. 14: Accounts Receivable 4,800
Service Revenue 4,800
Billed customers for cleaning services
Mar. 18: Accounts Payable 500
Truck 1,500
Cash 1,500
Paid cash on accounts payable for cleaning supplies and truck
Mar. 20: Salaries Expense 7,000
Cash 7,000
Paid cash for employee salaries
Mar. 21: Cash 3,800
Accounts Receivable 3,800
Collected cash from customers
Mar. 28: Accounts Receivable 2,500
Service Revenue 2,500
Billed customers for cleaning services
Mar. 31: Advertising Expense 2,000
Cash 2,000
Paid cash for advertising expenses
Mar. 31: Dividends 3,000
Cash 3,000
Paid dividends to shareholders
2. Ledger Accounts:
Cash
Date Description Debit Credit Balance
1-Mar Share Capital 35,000 35,000
1-Mar Truck 2,000 33,000
5-Mar Prepaid Insurance 1,200 31,800
18-Mar Accounts Payable 500 31,300
18-Mar Truck 1,500 29,800
20-Mar Salaries Expense 7,000 22,800
21-Mar Accounts Receivable 3,800 26,600
28-Mar Accounts Receivable 2,500 29,100
31-Mar Advertising Expense 2,000 27,100
31-Mar Dividends 3,000 24,100
Accounts Payable
Date Description Debit Credit Balance
1-Mar Share Capital 4,000
3-Mar Cleaning Supplies 1,500 5,500
18-Mar Cash 500 5,000
Prepaid Insurance
Date Description Debit Credit Balance
5-Mar Cash 1,200
Truck
Date Description Debit Credit Balance
1-Mar Cash 2,000 2,000
18-Mar Accounts Payable 1,500 3,500
Cleaning Supplies
Date Description Debit Credit Balance
3-Mar Accounts Payable 1,500 1,500
Accounts Receivable
Date Description Debit Credit Balance
14-Mar Service Revenue 4,800 4,800
21-Mar Cash 3,800 1,000
28-Mar Service Revenue 2,500 3,500
Service Revenue
Date Description Debit Credit Balance
14-Mar Accounts Receivable 4,800 4,800
28-Mar Accounts Receivable 2,500 7
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Businesses and organizations can analyze data to identify _____________ and _______________ that can result in better informed decision making.
Businesses and organizations can analyze data to identify patterns and trends that can result in better informed decision making. Data analysis can help businesses identify areas where they can improve efficiency, reduce costs, and increase revenue.
What is data analysis?Data analysis is the process of inspecting, cleaning, transforming, and modeling data in order to extract useful information and draw conclusions.
Data analysis is widely used in many fields, including business, finance, healthcare, social sciences, and natural sciences.
By analyzing data, businesses can gain insights into customer behavior, market trends, and operational performance, which can help them make more informed decisions about product development, marketing strategy.
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Suppose gasoline prices increased sharply and consumers became fearful of owning too many expensive cars. As a consequence, they cut back on their purchases of new cars and decided to increase their savings. How would this behavior shift aggregate demand curve? Using the short-run aggregate supply curve, what will happen to prices and output in the short run?
Answer:
The sharp increase in gasoline prices and fear of owning expensive cars would lead to a decrease in consumer confidence and a decrease in consumption. This would shift the aggregate demand curve to the left
Explanation:
As a result of the shift in aggregate demand, the equilibrium output and price level in the short run would both decrease. This is because the decrease in aggregate demand reduces the quantity of goods and services demanded, leading to a decrease in output. At the same time, the decrease in demand also reduces the upward pressure on prices, resulting in a decrease in the price level.
Klever Kitchen (KK), retailer that sells smart kitchen appliances. The business commenced itx trading activities on January 2020. The following is a summary of business transactions that occurred during the first year of trading 1. The owners introduced RM 300,000 of cash, which was paid into a business bunk account 2 The company borrowed RM50,000 from a local bank 3. A motor vehicle was bought on 1 January 2020 for RM60,000. This is expected to be used in the business for nine years and then to be sold for RM6,000 4. Equipment costing RM20,000 was purchased for RM10,000 cash and signing a note payable for RM10,000. It has an expected useful conomic life of 6 years and an estimated residual value of RM2,000 $ The business purchased inventories on credit from a manufacturer Muster Kitchen) for RM120,000 Inventories totalling RM25.000 were bought for cash. 7 Sales revenue on credit totalled RM130,000 (cost of sales RM50.000) & Cash sales revenue totalled RM40,000 cost of sales RM15,000). 9, Salaries of RM12,000 were paid in cash. However, at the end of the year, the businca owed RM1,000 of salaries for the last week of the year, 10. Premises were rented from 1 January 2020 at an annual rental of RM15,000 During the year, rent of RM21,000 was paid to the owner of the promises 11. Electricity bills for the first three quarters of the year were paid totalling RM1,400 Atter 31 December 2020, but before the financial statements had been finalised for the year, the bill for the last quarter arrived showing a charge of RM120. 12. One of the customers was declared bankrupt und unable to settle his debts. The customer still owed RM60. 13. Receipts from trade receivables totalled RM80,000 14. Payments of trade payables totalled RM 70,000 NOTE: The business uses the straight-line method for depreciating its non-current Required: (a) Prepare an Income Statement of Klever Kitchen for the year ended 31 December 2020
Answer:
Klever Kitchen Income Statement for the year ended 31 December 2020
Sales revenue on credit: RM130,000
Cash sales revenue: RM40,000
Total revenue: RM170,000
Cost of sales:
Opening inventory: RM0
Purchases on credit: RM120,000
Cash purchases: RM25,000
Total cost of sales: RM145,000
Gross profit: RM25,000
Operating expenses:
Salaries: RM12,000
Rent: RM21,000
Electricity bills: RM1,400
Depreciation: (RM60,000 - RM6,000) / 9 years = RM6,000
Total operating expenses: RM40,400
Net profit before interest and tax: RM (15,400)
Interest expenses: RM50,000 x 5% = RM2,500
Net loss before tax: RM (17,900)
Tax expenses: RM0
Net loss after tax: RM (17,900)
Note: The company incurred a net loss for the year ended 31 December 2020.
Explanation:
Discuss at least two ethical principles that relate to the The Legacy’s mission
Answer:
The Legacy's mission is to empower individuals and communities to live healthy, productive, and fulfilling lives. This mission is grounded in several ethical principles, including:
Autonomy: Autonomy is the principle of respecting individuals' right to make their own decisions and choices. The Legacy's mission aligns with this principle because it aims to empower individuals to make healthy choices and live fulfilling lives. By providing education and resources, The Legacy enables individuals to make informed decisions about their health and well-being.
Beneficence: Beneficence is the principle of doing good and promoting the well-being of others. The Legacy's mission aligns with this principle because it aims to promote health and well-being in individuals and communities. By providing education, resources, and support, The Legacy helps individuals live healthy, productive, and fulfilling lives, which ultimately benefits society as a whole.
In summary, The Legacy's mission is grounded in ethical principles that emphasize respect for individuals' autonomy and promoting their well-being. By empowering individuals and communities to make healthy choices and live fulfilling lives, The Legacy is contributing to the greater good of society.
Explanation:
Mark and his team are working on a project that is due for delivery in the next few days. The team is using project management tools to implem set of new client requirements. Which activity are Mark and his team performing?
A project manager guides a two-way conversation that helps the parties understand one another. The project manager's facilitating role is communication.
What credentials are required for the position of project manager?At least three years of experience in a comparable capacity, communication skills, formal training, as well as a PMP certification are typically needed. A professional association, an university and college, or an online learning program with a narrow concentration are all options for obtaining certification.
What type of MBA is needed for a project manager?Graduates of an MBA in project management will have the knowledge and expertise necessary to land advanced managerial positions. Accounting, economics, human resources, long term planning, and operational aspects of businesses are among topics covered in an MBA program.
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Mpho purchase a laptop from Ashley for R 5000. Mpho withdraws a cheque on capitec bank in favour of ashley or order for the R500. ASHLEY OWES MARY r5000 and negotiates the cheque to mary. mpho discovers that the laptop does not work and cancels the cheque. mary the cheque for payment, ony to discover that the cheque has been cancelled. what does mary possess explain your answer
Answer:
Mary possesses a cancelled cheque from Mpho, which means she does not have a valid instrument for payment. When Mpho cancelled the cheque, it became null and void, and Mary cannot cash it or use it as payment for the laptop that Ashley sold to Mpho.
Explanation:
When Mpho purchased the laptop from Ashley and gave a cheque as payment, a contract was formed between them. However, when Mpho discovered that the laptop was faulty and cancelled the cheque, the contract between Mpho and Ashley was terminated. Ashley could not negotiate the cancelled cheque to Mary because it no longer represented a valid payment instrument.
Therefore, Mary has no legal claim to the R 5000 owed by Ashley to Mpho. Ashley will have to find another way to pay the debt owed to Mary.